H. R. 9298, also known as the "Safe Water Instruction for Minors Act of 2024" or the "SWIM Act of 2024," seeks to amend the Internal Revenue Code of 1986. It aims to classify payments for water competency and water safety lessons as medical expenses, which would make them...
Simple Explanation
The SWIM Act of 2024 aims to let families save money on their taxes if they spend money on learning how to be safe around water. However, they can't spend too much each year, and it doesn't cover swimming races.